RBS bonuses set for cut

BAILED-OUT Royal Bank of Scotland is set to cut its senior staff’s bonus pot for the tenth year in a row.

The lender, which is still majority-owned by the taxpayer after a bailout at the height of the 2008 financial crisis, will reveal its second consecutive annual profit on Friday since the rescue deal.

But bonuses have shrunk, from £342m in 2017 to £335m for the 2018 financial year and senior RBS investment bankers are said to be annoyed. The Government still has more than 62pc of the bank.